Ukrainian government speeds up the digital hryvnia project, plans pilot for 2023.
The plan to introduce the CBDC is included in the central bank’s Strategy 2025. Fedorov, who also serves as Ukraine’s deputy prime minister, said he had written a letter to the NBU in which he insisted it’s necessary to speed up the development of the electronic hryvnia.
As prescribed by the current Ukrainian legislation, the NBU should launch the digital hryvnia pilot in 2024, the digital minister reminded. “But we want to start this year, not postpone to the next,” emphasized Mykhailo Fedorov who is also a crypto proponent.Kyiv’s “very ambitious plan” to make Ukraine the most digitalized country in the next two years.
“Digitalization is going to be the foundation for rebuilding. We are doing these reforms during the war,” Fedorov reporters at the sidelines of the World Economic Forum in Davos last month, also promising that the Eastern European nation will become “the best crypto jurisdiction in the world.”
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